Deconstructing Elon Musk’s Announcement About Tesla and Bitcoin

On Wednesday (May 12), just three weeks after agreeing with Jack Dorsey that “Bitcoin incentivizes renewable energy”, Elon Musk shook the crypto market by announcing that Tesla is no longer accepting BTC as a payment method. On February 8, the world learned from Tesla’s latest annual report (Form 10-K) that the company had invested $1.5 […]